Exhibit 21.1

SUBSIDIARIES OF

SKY FINANCIAL GROUP, INC.

December 31, 2006



|                                                                   |  |                                              
|------------------------------------------------------------------ |  | ---------------------------------------------
|ENTITY NAME, LOCATION & OWNERSHIP                                  |  | JURISDICTION OF INCORPORATION OR ORGANIZATION
|                                                                   | 
|A.Issuer and Parent Company                                        |  |                                              
|                                                                   | 
|Sky Financial Group, Inc.                                          |  | Ohio                                         
|Bowling Green, Ohio                                                |  |                                              
|                                                                   | 
|B.Bank and Bank-Owned Subsidiaries of Issuer                       |  |                                              
|                                                                   | 
|1.      Sky Bank                                                   |  | Ohio                                         
|Salineville, Ohio                                                  |  |                                              
|Sky Financial Group, Inc. owns 100%                                |  |                                              
|                                                                   | 
|a.      Belmont Investment and Financial Services, Inc. (inactive) |  | Ohio                                         
|St. Clairsville, Ohio                                              |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|b.      Insurance Holding Company (inactive)                       |  | Michigan                                     
|Bowling Green, Ohio                                                |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|c.      Metropolitan Savings Service Corporation                   |  | Ohio                                         
|Bowling Green, Ohio                                                |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|d.      Sky Access, Inc. (inactive)                                |  | Ohio                                         
|Lisbon, Ohio                                                       |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|e.      Sky Capital LLC                                            |  | Delaware                                     
|Wilmington, Delaware                                               |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|f.       Sky Community Development Company                         |  | Ohio                                         
|Bowling Green, Ohio                                                |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|g.      Union Investment Services, Inc. (inactive)                 |  | Indiana                                      
|Indianapolis, Indiana                                              |  |                                              
|Sky Bank owns 100%                                                 |  |                                              
|                                                                   | 
|2.      Sky Trust, National Association                            |  | United States                                
|Pepper Pike, Ohio                                                  |  |                                              



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|                                                 |  |             
|------------------------------------------------ |  | ------------
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|C.Financial Service Subsidiaries of Issuer       |  |             
|                                                 | 
|1.      Access Partners, LLC                     |  | Indiana     
|Evansville, Indiana                              |  |             
|Sky Financial Group, Inc. owns 51%               |  |             
|                                                 | 
|2.      Belmont Financial Network, Inc.          |  | Ohio        
|Massillon, Ohio                                  |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|3.      First Western Capital Trust I            |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|4.      Freedom Financial Life Insurance Company |  | Arizona     
|Phoenix, Arizona                                 |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|5.      M&E Investment Group, Inc.               |  | Pennsylvania
|Carnegie, Pennsylvania                           |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|6.      Metropolitan I Corporation (inactive)    |  | Ohio        
|Bowling Green, Ohio                              |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|7.      Mid Am Capital Trust I                   |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|8.      Prospect Trust I                         |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|9.      RWELL Corporation (inactive)             |  | Ohio        
|Wellsville, Ohio                                 |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|10.    Sky Financial Capital Trust I             |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|11.    Sky Financial Capital Trust II            |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|12.    Sky Financial Capital Trust III           |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             
|                                                 | 
|13.    Sky Financial Capital Trust IV            |  | Delaware    
|Wilmington, Delaware                             |  |             
|Sky Financial Group, Inc. owns 100%              |  |             



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|                                    |  |             
|----------------------------------- |  | ------------
|                                    | 
|14.    Sky Holdings, Inc.           |  | Delaware    
|Wilmington, Delaware                |  |             
|Sky Financial Group, Inc. owns 100% |  |             
|                                    | 
|15.    Sky Insurance, Inc.          |  | Ohio        
|Maumee, Ohio                        |  |             
|Sky Financial Group, Inc. owns 100% |  |             
|a.      Celaris Brokerage LLC       |  | Ohio        
|Cleveland, Ohio                     |  |             
|Sky Insurance, Inc. owns 100%       |  |             
|                                    | 
|16.    Sky Settlement Services, LLC |  | Pennsylvania
|Pittsburgh, Pennsylvania            |  |             
|Sky Financial Group, Inc. owns 50%  |  |             
|                                    | 
|17.    WMC Acquisition LLC          |  | Indiana     
|Fort Wayne, Indiana                 |  |             
|Sky Financial Group, Inc. owns 100% |  |             
|                                    | 
|a.      Waterfield Capital Trust I  |  | Delaware    
|Wilmington, Delaware                |  |             
|WMC Acquisition LLC owns 100%       |  |             
|                                    | 
|b.      Waterfield Capital Trust II |  | Delaware    
|Wilmington, Delaware                |  |             
|WMC Acquisition LLC owns 100%       |  |